India's Nelco falls after Q1 profit drops

Nelco

15/07/2025 10:17

** Shares of Nelco Ltd NELC.NS fall as much as 3.1% to 877.1 rupees
** SatCom services provider reported a 60.5% y/y fall in Q1 consol net profit to 18 mln rupees ($209,822.00)
** Expenses rose 8.6%, rev rose ~1%
** Stock on track to fall for fourth straight day
** More than 234,000 shares traded as of 2:42 p.m. IST, nearly their 30-day moving avg of 283,778 shares
** NELC last down 2.6%, adding to YTD losses of 28.3%

($1 = 85.7870 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))